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Initiatives to Improve Free Asset Management
The Department of Defense generates funds by selling equipment which is not required to be replaced in the Department's inventory. Receipts from such sales are called "free assets." A past GAO report identified weaknesses in reporting and managing free assets. This follow up report describes the steps taken by the Department to strengthen control over free asset funds. The report also recommends that the Department improve its free asset estimates and its internal coordination in formulating free asset procedures.
Approved For Public Release